CoStar Group Inc., current enterprise value calculation

Current share price (P)	$84.38
No. shares of common stock outstanding	408,336,600
US$ in thousands
Common equity (market value)¹	34,455,442)
Add: Preferred stock, $0.01 par value; zero outstanding (per books)	—)
Total equity	34,455,442)
Add: Long-term debt, net (per books)	989,210)
Total equity and debt	35,444,652)
Less: Cash and cash equivalents	4,967,970)
Enterprise value (EV)	30,476,682)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 84.38 × 408,336,600

CoStar Group Inc., EV calculation

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Share price^1, 2	$72.13	$53.50	$83.62	$68.23	$45.75
No. shares of common stock outstanding¹	406,772,431	394,987,704	394,104,410	366,447,340	364,518,290
US$ in thousands
Common equity (market value)³	29,340,495)	21,131,842)	32,955,011)	25,002,702)	16,676,712)
Add: Preferred stock, $0.01 par value; zero outstanding (book value)	—)	—)	—)	—)	—)
Total equity	29,340,495)	21,131,842)	32,955,011)	25,002,702)	16,676,712)
Add: Long-term debt, net (book value)	989,210)	987,944)	986,715)	—)	—)
Total equity and debt	30,329,705)	22,119,786)	33,941,726)	25,002,702)	16,676,712)
Less: Cash and cash equivalents	4,967,970)	3,827,126)	3,755,912)	1,070,731)	1,100,416)
Enterprise value (EV)	25,361,735)	18,292,660)	30,185,814)	23,931,971)	15,576,296)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of CoStar Group Inc. Annual Report.

³ 2022 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 72.13 × 406,772,431

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	CoStar Group Inc. EV decreased from 2020 to 2021 but then increased from 2021 to 2022 not reaching 2020 level.

CoStar Group Inc. (NASDAQ:CSGP)

Enterprise Value (EV)